NOT LISTED FOR SALE

77 Summit Ave Unit 79 Newark, NJ 07112

Weequahic Neighborhood

Estimated Value: $495,000 - $603,000

6 Beds
3.5 Baths
-- Sq Ft
4,151 Sq Ft Lot

Last Sold November 28, 2018

Last sale price $238,000

Est. 125% increase in value since last sale

Current estimated payment $3,613/month

14 Days on Market

Highlights

  • Property is near a park
  • Laundry Facilities
  • Rectangular Lot
  • Detached Garage

About This Home

As of November 2018

Great opportunity to own this income producing 3-family home located in the much sought-after "Weequahic" section of Newark,borderline of Hillsdale. All large apts. with eat-in kitchens! Large LRs & high ceilings. Ample closet space with sizable bedrooms. Basement is finished standing height.Working oil tank in use below ground. Owner will not remove oil tank! HOME BEING SOLD STRICTLY AS-IS CONDITION!!! Proximity to NYC busses, trains,& minutes away from major highways-I78/GSP.Buyer responsible for all certs & inspections. FHA loans not accepted. Cash! 203K.

Last Agent to Sell the Property

Krya Harrison

North Star Elite Realty Listed on: 05/29/2018

Last Buyer's Agent

Outside Agent

Outside Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,928

Year Built

  • 1927

Lot Details

  • 4,151 Sq Ft Lot
  • Rectangular Lot

Parking

  • Detached Garage

Home Design

  • Built between 1900 - 1939
  • Brick Exterior Construction
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 6 Bedrooms

Location

  • Property is near a park
  • Property is near schools
  • Property is near shops

Utilities

  • Window Unit Cooling System
  • Separate Meters
  • Separate Water Meter

Additional Features

  • Washer and Dryer Hookup
  • Basement Fills Entire Space Under The House

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 071403721 00030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,928

Year Built

1927

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 3 Family
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Wrshp
  • Views/Exposure: None
  • Year Built (Public Record): 1900-1939
  • Miscellaneous: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 15
  • Fireplace: None
  • Bedrooms: 6
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Partial Bathroom: 1
  • Basement: Finished, Full
  • Basement: Finished
  • Laundry: Basement, Hook Ups

Exterior Features

  • Waterfront: None
  • Exterior Finish: Brick Faced, Vinyl

Garage/Parking

  • Garage: Detached, Park Space, 2 Car

Utilities

  • Heating: Oil, Steam
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: Sep Elec, Sep Water
  • Cooling: Win/AC

Lot Info

  • County Name: ESSEX
  • Locale: 400
  • Lot: 00030
  • Estimated Lot Sq Ft: 4151
  • Lot Description: Regular

Tax Info

  • Tax: 6928
  • Assessor Parcel Number: 071403721 00030

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2018
Closed on
Nov 28, 2018
Sold by
Walton Doris Est
Bought by
Tavares Ashley M
Seller's Agent
Krya Harrison
North Star Elite Realty
Buyer's Agent
Outside Agent
Outside Office
List Price
$230,000
Sold Price
$238,000
Premium/Discount to List
$8,000
3.48%
Total Days on Market
14
Current Estimated Value
$535,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,827
Avg. Annual Appreciation
13.23%
Original Mortgage
$273,498
Interest Rate
4.8%
Mortgage Type
FHA
Source: Public Records

Similar Homes in Newark, NJ

  • 23 Edwin Place, Newark, NJ 07112

    $649,900

    • 7 Beds
    • 4.5 Baths
    • 23 Edwin Place
    • Newark, NJ

    Excellent opportunity to own a spacious and versatile 2-family home in the heart of Newark! This property is in great condition and features two separate units, perfect for rental income. As a bonus, there's an additional recreational room ideal for a home office, playroom, gym, or additional bedroom. Located just minutes from major transportation options, this home offers both convenience and

    Carlie Carreira EXP REALTY, LLC

    Section Image
  • 241 Peshine Ave, Newark, NJ 07108

    $539,999

    • 6 Beds
    • 3 Baths
    • 1,978 Sq Ft
    • 241 Peshine Ave
    • Newark, NJ

    Introducing a vacant, move-in ready 2-family home located in the historic Clinton Hill section of Newark, NJ! Offering fully renovated apartments, in which the first is a 2-Bedroom 1-Bathroom and the second is a 4-Bedroom 2-Bath duplex. Both feature updated kitchens, with brand new stainless steel appliances, granite countertops, cabinets and hardwood floors throughout. This is a great

    Tayllor Cooper COOPER MCKELVEY REAL ESTATE CO.

    Section Image
  • 93 Astor St, Newark, NJ 07114

    $559,000

    • 7 Beds
    • 3 Baths
    • 93 Astor St
    • Newark, NJ

    Prime Investment Opportunity " 3-Family Home in the Heart of Newark's Business District. Don't miss this exceptional opportunity to own a well-maintained three-family home situated in one of Newark's most sought-after locations right in the heart of the thriving business district. This property offers unmatched potential in a high-demand area. Each unit features a functional layout with spacious

    Carlie Carreira EXP REALTY, LLC

    Section Image
  • 147 Tichenor St, Newark, NJ 07105

    $579,900

    • 4 Beds
    • 4 Baths
    • 147 Tichenor St
    • Newark, NJ

    OUR PERFECT HOME WAITS FOR YOU!!! This Amazing, well-maintained three-story two-family home is conveniently located in the sought-after Ironbound section. Everything is just steps away from your door and local recreational Parks, while close to all major public transportation. These exceptional home features: kitchen, living room, a bedroom, and a full bath, per apartment, plus a finished Attic

    Augusto Verissimo WEICHERT REALTORS - HOME CITY

    Section Image
  • 392 Walnut St, Newark, NJ 07105

    $629,900

    • 6 Beds
    • 4 Baths
    • 392 Walnut St
    • Newark, NJ

    Location, Location, Location, A well-maintained, two-family home conveniently located in the sought-after Ironbound section of Newark. Everything is just steps from your door! Ferry Street Restaurants/Shopping/Nightlife, and all major public transportation with "EASY NYC COMMUTE, where a 20-minute train ride will have you in NYC! Featuring: First & Second Floor Six over Six, one full bath per

    Augusto Verissimo Weichert Home City Realty

    Section Image
  • 22 Kossuth St, Newark, NJ 07105

    $639,900

    • 5 Beds
    • 4 Baths
    • 22 Kossuth St
    • Newark, NJ

    WELCOME TO 22 Kossuth St!!! This solid brick two-family home is unique, exceptionally well-maintained, and conveniently located in the vibrant and bustling Ironbound Neighborhood. Everything just steps from your door. Local Restaurants & Wilson Avenue/ Ferry Shopping Stores / Nightlife, and all major Highways and public transportation. Offers spacious apartments consisting of a sizable

    Augusto Verissimo WEICHERT REALTORS - HOME CITY

    Section Image
  • 277 Wainwright St, Newark, NJ 07112

    $649,000

    • 7 Beds
    • 3 Baths
    • 277 Wainwright St
    • Newark, NJ

    Back on Market! Great deal on a great location! Welcome to 277 Wainwright St in the heart of Newark New Jersey! This fully renovated 7 bedroom, 3 full bath 2-family home features a brand new kitchen, modern bathroom, and fresh flooring throughout. High ceilings and large windows makes it bright and comfortable year round. Plenty of outdoor space including a long concrete driveway and a big

    EYAL LEVY KELLER WILLIAMS PARK VIEWS

    Section Image
  • 264 Pomona Ave Unit 3, Newark, NJ 07112

    $625,000

    • 6 Beds
    • 3 Baths
    • 264 Pomona Ave
    • Unit 3
    • Newark, NJ

    Welcome to 264-266 Pomona Ave!!.this fantastic investment opportunity in the Weequahic section of Newark features 3 units that are in move in ready condition, high ceilings, hardwood floors, updated kitchens, spacious floor plan, 2 bedrooms on the first floor and second floor with an additional den/home office on both levels...2 car detached garage...this corner property has an unfinished

    RALPH NARAINE BHHS FOX & ROACH

    Section Image
  • 222 Weequahic Ave, Newark, NJ 07112

    $550,000

    • 5 Beds
    • 3 Baths
    • 222 Weequahic Ave
    • Newark, NJ

    This well maintained 3-unit multi-family property is perfect for investors or owner occupants seeking additional rental income. Located in near transportation and major highways, the property features two 2-bedroom 1 bath units and a cozy but generously spacious 1 bedroom 1 bathroom unit. Two of the units are currently occupied and have been thoughtfully updated with renovated bathrooms and new

    Randy Williams, Jr. United Real Estate

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tavares Ashley M $238,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tavares Ashley Marie $273,750
Closed Tavares Ashley M $273,498
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2019 01/31/19 Off Market $238,000 -- --
11/28/2018 11/28/18 Sold $238,000 +3.5% --
05/29/2018 05/29/18 For Sale $230,000 -- --
Source: New Jersey MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,255 $194,600 $28,500 $166,100
2022 $7,270 $194,600 $28,500 $166,100
2021 $7,266 $194,600 $28,500 $166,100
2020 $7,395 $194,600 $28,500 $166,100
2019 $7,319 $194,600 $28,500 $166,100
2018 $7,187 $194,600 $28,500 $166,100
2017 $6,928 $194,600 $28,500 $166,100
2016 $6,694 $194,600 $28,500 $166,100
2015 $6,439 $194,600 $28,500 $166,100
2014 $6,035 $194,600 $28,500 $166,100
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 1830180

New Jersey MLS

APN: 14-03721-0000-00030